Oil slips on Covid-19, data woes as world stocks rebound | Malay Mail

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NEW YORK, April 22 ― World stocks rose yesterday as Wall Street and Europe bounced back from large drops, while oil prices continued to be weighed down by rising Covid-19 cases in Asia. Concern that record coronavirus infections in India, likely restrictions in Japan and rising cases in Latin...

US crude fell 2.49 per cent to US$61.11 per barrel and Brent was at US$65.07, down 2.25 per cent on the day. — Reuters picNEW YORK, April 22 ― World stocks rose yesterday as Wall Street and Europe bounced back from large drops, while oil prices continued to be weighed down by rising Covid-19 cases in Asia.

“You take Netflix out of today's equation, it's simply a broad-based rally,” said JJ Kinahan, chief market strategist at TD Ameritrade. Emerging market stocks lost 0.80 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.88 per cent lower, while Japan's Nikkei futures rose 0.86 per cent after a 2 per cent overnight drop in the Topix.

US crude fell 2.49 per cent to US$61.11 per barrel and Brent was at US$65.07, down 2.25 per cent on the day.

 

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